Boralex Renewable Energy Acquisition
Brookfield and La Caisse finalize Boralex acquisition to expand affordable renewable energy.
Brookfield and La Caisse (formerly CDPQ) have completed their takeover of Boralex Inc., a Canadian renewable energy company. The buyers — Brookfield, its institutional partners, Brookfield Renewable Partners, and La Caisse — paid $37.25 per share in cash for every outstanding class A common share, according to GlobeNewswire.
With the deal now closed, Boralex is expected to be delisted from the Toronto Stock Exchange on or around August 17, 2026. The company has also applied to stop being a reporting issuer in every Canadian province where it currently holds that status, per Montreal Gazette.
$37.25 Per Share Deal Structured as Plan of Arrangement
The acquisition was completed under a plan of arrangement governed by the Canada Business Corporations Act. That legal structure requires court approval and shareholder consent before a deal closes. Edmonton Sun reported that Computershare Investor Services Inc. is serving as the depositary, meaning it holds the funds and pays out shareholders directly.
Funds sufficient to cover all shareholder payments have already been delivered to Computershare, according to The Crag and Canyon. That means shareholders who held Boralex shares at the time of closing should receive their cash without further delay.
Boralex to Exit Toronto Stock Exchange by August 2026
Boralex trades on the Toronto Stock Exchange under the ticker BLX. That listing is set to end on or about August 17, 2026, following the completed acquisition. The company has also begun the formal process of ceasing to be a public reporting company across Canadian provinces, per GlobeNewswire.
Once delisted and no longer a reporting issuer, Boralex will operate as a private company under its new ownership group. That shift removes the ongoing disclosure and regulatory obligations that come with being publicly traded in Canada.
Renewable Energy Ambitions Drive the Acquisition Strategy
The buyers say the deal supports their push to deliver affordable, clean energy at scale. Leader-Post noted that the acquisition is designed to help Boralex meet growing demand driven by electrification, reindustrialization, digitalization, and energy security needs — four forces reshaping global power markets.
Brookfield Renewable Partners is a major player in wind, solar, and hydroelectric power across North America and Europe. Adding Boralex, which has a strong presence in wind and solar in Canada and France, strengthens that portfolio significantly.
La Caisse's Role Marks a Major Quebec Pension Fund Bet
La Caisse, formerly known as CDPQ, is one of Canada's largest institutional investors and manages the pension funds of Quebec public sector workers. Its participation alongside Brookfield signals strong institutional confidence in long-term renewable energy returns, according to Montreal Gazette.
Boralex itself is a Quebec-based company, making the deal notable for keeping a major Canadian clean energy firm within a partly domestic ownership structure. The combined ownership group brings deep capital and global operating experience to Boralex's existing asset base.
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